TC2000 Bear Retest of the 200 SMA

Description

The TC2000 Bear Retest of the 200 SMA scan is a fantastic way to spot stocks bouncing into long-term potential resistance levels, offering lower-risk entry points to short stocks in major downtrends.

How does it work

This scan keeps things classic and finds stocks that meet three core criteria:

1. The 200-period simple moving average has been falling consistently for 5 months+ ensuring the long-term trend is lower
2. The stock has been consistently trading below its declining 200-period simple moving average
3. The high of today is piercing the 200 SMA for the first time in 5 months+

The key distinctions are that the 200SMA has been consistently declining and the re-test occurring today is the first test of the moving average in a long time. This ensures the stocks returned by this scan are not a long list of names chopping sideways above and below the 200SMA.

Features

• Purchase includes exact PCF code and setup instructions.
• Purchase includes additional recommended scan criteria:
  • Minimum daily volume.
  • Minimum dollar per share.
• Can be used on all versions of TC2000.
• Can be used on any time-frame.
• Can be combined with other criteria to improve accuracy.

Bundle offer

Get a discount when you purchase this Fresh Retest of 200 SMA Scan and its bear version equivalent in the 200 SMA Retest Bundle package.

Any questions? Contact us.